SEC Filings

RELIANCE STEEL & ALUMINUM CO filed this Form DEF 14A on 04/18/2000
Entire Document
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                         RELIANCE STEEL & ALUMINUM CO.
                             2550 EAST 25TH STREET
                         LOS ANGELES, CALIFORNIA 90058
                                PROXY STATEMENT
                            TO BE HELD MAY 17, 2000
     This statement is furnished in connection with the solicitation of proxies
by the Board of Directors of Reliance Steel & Aluminum Co. ("Reliance" or the
"Company") for use at the Annual Meeting of its shareholders to be held at the
Ritz Carlton Huntington Hotel, 1401 South Oak Knoll Avenue, Pasadena, California
91106, on Wednesday, May 17, 2000 at 10:00 a.m., California time, or at any
adjournments thereof, for the purposes set forth in the accompanying Notice of
Annual Meeting.
                          INFORMATION CONCERNING PROXY
     The persons named as proxies were selected by the Board of Directors. The
shares of Common Stock represented by the proxies will be voted at the Annual
Meeting. The cost of solicitation of proxies will be borne by Reliance. The
Board of Directors will solicit proxies by mail, telephone and electronically
via the Internet. In addition, certain officers and agents of the Company may
solicit proxies by telephone, telegraph and personal interview (the cost of
which will be nominal). It is anticipated that banks, brokerage houses and other
custodians, nominees and fiduciaries will be requested to forward soliciting
material to beneficial owners and to obtain authorizations for the execution of
proxies. They will be reimbursed by Reliance for their out-of-pocket expenses
incurred in connection therewith.
     The only matters of business which Reliance's management intends to present
at the Annual Meeting are the election of five directors to serve for the
ensuing two years and until their successors are duly elected and qualified and
the approval of the Board's selection of Ernst & Young LLP as the Company's
independent auditors for 2000. If no contrary instructions are indicated on the
proxy, each proxy will be voted FOR the election of the five nominees named
herein as directors, and FOR the approval of Ernst & Young LLP. If other matters
properly come before the meeting, each proxy will be voted by the persons named
therein in a manner which they consider to be in the best interests of the
     Shareholders who execute proxies may revoke them at any time before they
are voted (i) by filing with the Secretary of Reliance either an instrument
revoking the proxy or a proxy bearing a later date, duly executed by the
shareholder, or (ii) by giving written notice to Reliance of the death or
incapacity of the shareholder who executed the proxy. In addition, the powers of
a proxy holder are suspended if the person executing the proxy is present at the
Annual Meeting and elects to vote in person.
     An Annual Report with audited financial statements for the fiscal year
ended December 31, 1999 accompanied by a letter to the shareholders from the
President and Chief Executive Officer, the Executive Vice President and Chief
Operating Officer and the Senior Vice President and Chief Financial Officer is
included herewith. Such report and letter are not incorporated in, and are not a
part of, this Proxy Statement and do not constitute proxy-soliciting material.
Reliance intends to mail this Proxy Statement and accompanying material on or
about April 17, 2000.